Cryptocurrency Q&A
How do I calculate profit?
How do I calculate profit?
DongdaemunTrendsetterStyleIcon
Thu Dec 12 2024
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5 answers
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I'm trying to figure out how to calculate profit. I need to understand the process of determining the financial gain from a business activity, considering factors like revenue and expenses.
5 answers
Tommaso
Sat Dec 14 2024
The fundamental equation utilized for determining profit in both business operations and financial transactions is straightforward.
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CryptoConqueror
Fri Dec 13 2024
It involves subtracting the Cost Price (CP) from the Selling Price (SP) to arrive at the profit.
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CryptoPioneer
Fri Dec 13 2024
The Cost Price (CP) represents the amount paid to acquire a product or service.
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Gianluca
Fri Dec 13 2024
This is the initial expenditure incurred by the business or individual.
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HallyuHeroLegendaryStar
Fri Dec 13 2024
The Selling Price (SP), on the other hand, is the amount for which the product or service is sold.
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